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Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (4922)11/30/2000 9:47:04 PM
From: kha vu  Respond to of 8925
 
<<The market sold off steadily from there until with about 2 hours to go we hit trading halts in the SPZ0 and the Nasdaq futures contracts with the Nasdaq down 50 percent from the April high. Almost simultaneously, headlines reached the tape about comments from William Poole, president of the Federal Reserve Bank of St. Louis.
He basically said that he backed a Fed action if a stock market slide hits the economy. "I would want to respond if it looked like financial market events are feeding
in to affect the real economy in an adverse way." He did stress that this was his personal opinion and he couldn't speak for the Fed. He went on to note that the job of the central bank is to prevent market volatility from
spilling into the real economy. >>>



To: Jerry Olson who wrote (4922)12/1/2000 8:00:57 AM
From: Teri Garner  Read Replies (1) | Respond to of 8925
 
07:55 ET Chip Equipment Sector : CS First Boston reducing its Q4 bookings estimate to $450 mln from $515 mln after chip equipment company announces push-out of order from Hyundai. Believes announcement is first of many across the industry likely to occur over the next 3-4 months


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